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create a multi-step P&L in good form. Speedy Incorporated Debit Credit Common Dividends Paid $ 80,000 Cost of Goods Sold $ 800,000 Dividend revenue $
create a multi-step P&L in good form.
Speedy Incorporated | ||
Debit | Credit | |
Common Dividends Paid | $ 80,000 | |
Cost of Goods Sold | $ 800,000 | |
Dividend revenue | $ 60,000 | |
Gain on Sale of Discontinued Operations | $ 120,000 | |
Gain on Sale of Equipment | $ 70,000 | |
Restructuring charge | $ 10,000 | |
Interest Expense | $ 100,000 | |
Loss on Discontinued Operations | $ 75,000 | |
Net Sales Revenue | $ 1,730,000 | |
Preferred Dividends Paid | $ 100,000 | |
Selling & Admin Expense | $ 540,000 | |
Additional information: | ||
Tax rate | 20% | |
Common Shares Outstanding 12/31/20 | 1,000,000 | |
Preferred Shares Outstanding 12/31/20 | 800,000 |
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